Grizzly Discoveries Inc. (CVE:GZD) reports drilling results for the Greenwood Project, including the discovery of widespread copper and low-grade gold associated with skarn-type alteration at Ket 28 and Copper Mountain.
The sparkling stones are a new love in a country where gold and jade have traditionally signaled love. China's love for the sparklers is high.
Diamonds are a must-have in investment portfolios. With prices set to rise in 2010, treasure the rocks.
Can the diamond market look forward to a complete recovery by end-2010? There are some in the sector who express confidence that the worst is over, and that prices for uncut as well as polished, have bottomed out. 2010 looks good, they say. Yet there are others who differ in opinion.
Diamonds could very well represent the next safe haven for investors, much like gold and silver, as investors flee the financial markets for more secure investments.
Diamond values held steady in July, after rapid inflation earlier in the year. Weak consumer demand in the US, coupled with fear that the recession will spread globally put the lid on prices. Diamond values are still up 15 percent compared to a year ago.
Northern Gold Mining announced the commencement of diamond drilling on the high grade Matheson Zone in the Fidelity area on its Kirana property. For full news, click here
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